Lake Elsinore is a larger medium-sized city located in the state of California. With a population of 71,898 people and 14 associated neighborhoods, Lake Elsinore is the 127th largest community in California. There's nothing like the smell of a brand new house, and in Lake Elsinore, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Lake Elsinore, and putting down their money on brand new construction. Lake Elsinore’s real estate is, on average, some of the newest in the nation. Lake Elsinore does seem to be experiencing an influx of affluent people, because the median household income is $89,788.00.

Housing costs in Lake Elsinore are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in California.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.41% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

In Lake Elsinore, however, the average commute to work is quite long. On average, people spend 38.53 minutes each day getting to work, which is significantly higher than the national average.

The citizens of Lake Elsinore are slightly better educated than the national average of 21.84% for all cities and towns, with 22.43% of adults in Lake Elsinore having a bachelor's degree or advanced degree.

The per capita income in Lake Elsinore in 2022 was $32,792, which is lower middle income relative to California, and middle income relative to the rest of the US. This equates to an annual income of $131,168 for a family of four. However, Lake Elsinore contains both very wealthy and poor people as well.

Lake Elsinore is an extremely ethnically-diverse city. The people who call Lake Elsinore home describe themselves as belonging to a variety of racial and ethnic groups. People of Hispanic or Latino origin are the most prevalent group in Lake Elsinore, accounting for 52.28% of the city’s residents (people of Hispanic or Latino origin can be of any race). The greatest number of Lake Elsinore residents report their race to be White, followed by Asian. Important ancestries of people in Lake Elsinore include German, Irish, English, Italian, and Polish.

Lake Elsinore also has a high percentage of its population that was born in another country: 21.91%.

The most common language spoken in Lake Elsinore is English. Other important languages spoken here include Spanish and Tagalog.